Australia's Weebit Nano rises on receiving first revenue

Weebit Nano

06/11/2023 24:08

** Shares of Australian semiconductor memory technology
developer Weebit Nano  WBT.AX  rise as much as 14.1% to A$4.450,
their highest level since Oct 24
    ** Co says received first revenue of $100,000 for its
embedded resistive random-access memory (ReRAM) technology
    ** ReRAM is a kind of computer memory that can retain stored
info even after power is removed
    ** Stock top gainer in the benchmark S&P/ASX200 index
 .AXJO 
    ** Nearly 515,500 shares change hands, compared with the
30-day average volume of 1.2 mln
    ** Stock up 20% this year, as of last close

($1 = 1.5349 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))